Mckesson Corporation (MCK) Shares Decline by -0.71% to Close at $501.20

As of close of business last night, Mckesson Corporation’s stock clocked out at $501.20, down -0.71% from its previous closing price of $504.77. In other words, the price has decreased by -$3.57 from its previous closing price. On the day, 698170 shares were traded. MCK stock price reached its highest trading level at $506.03 during the session, while it also had its lowest trading level at $494.82.

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To gain a deeper understanding of MCK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.92.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on January 03, 2024, initiated with a Overweight rating and assigned the stock a target price of $537.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 13 when Smith LeAnn B sold 186 shares for $496.00 per share. The transaction valued at 92,256 led to the insider holds 1,511 shares of the business.

TYLER BRIAN S. sold 14,026 shares of MCK for $6,732,480 on Jan 03. The Chief Executive Officer now owns 43,445 shares after completing the transaction at $480.00 per share. On Nov 07, another insider, TYLER BRIAN S., who serves as the Chief Executive Officer of the company, sold 23,963 shares for $457.51 each. As a result, the insider received 10,963,281 and left with 43,445 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MCK now has a Market Capitalization of 65.86B and an Enterprise Value of 71.49B. As of this moment, Mckesson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.72, and their Forward P/E ratio for the next fiscal year is 16.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22. Its current Enterprise Value per Revenue stands at 0.24 whereas that against EBITDA is 16.11.

Stock Price History:

Over the past 52 weeks, MCK has reached a high of $519.75, while it has fallen to a 52-week low of $331.75. The 50-Day Moving Average of the stock is 476.33, while the 200-Day Moving Average is calculated to be 435.99.

Shares Statistics:

It appears that MCK traded 862.99K shares on average per day over the past three months and 1.03M shares per day over the past ten days. A total of 136.00M shares are outstanding, with a floating share count of 131.33M. Insiders hold about 0.06% of the company’s shares, while institutions hold 86.82% stake in the company. Shares short for MCK as of Jan 31, 2024 were 1.57M with a Short Ratio of 1.81, compared to 1.55M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.20%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.32, MCK has a forward annual dividend rate of 2.32. Against a Trailing Annual Dividend Yield of 0.46%, it implies a Forward Annual Dividend Yield of 0.49%. The stock’s 5-year Average Dividend Yield is 0.84. The current Payout Ratio is 8.35% for MCK, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Jan 05, 1998 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $6.35 for the current quarter, with a high estimate of $6.68 and a low estimate of $6.22, while EPS last year was $7.19. The consensus estimate for the next quarter is $7.15, with high estimates of $7.29 and low estimates of $6.84.

Analysts are recommending an EPS of between $27.93 and $27.31 for the fiscal current year, implying an average EPS of $27.61. EPS for the following year is $31, with 14 analysts recommending between $31.6 and $30.07.

Revenue Estimates

In the current quarter, 8 analysts expect revenue to total $79.56B. It ranges from a high estimate of $81.12B to a low estimate of $78.64B. As of the current estimate, Mckesson Corporation’s year-ago sales were $68.91B, an estimated increase of 15.40% from the year-ago figure.

A total of 12 analysts have provided revenue estimates for MCK’s current fiscal year. The highest revenue estimate was $313.71B, while the lowest revenue estimate was $310B, resulting in an average revenue estimate of $311.92B. In the same quarter a year ago, actual revenue was $276.71B, up 12.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $336.93B in the next fiscal year. The high estimate is $345.54B and the low estimate is $332.67B. The average revenue growth estimate for next year is up 8.00% from the average revenue estimate for this year.

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